Sequoia Capital raises $530 million India focus fund

Sequoia Capital, has raised USD 530 million for its fourth india-focused fund. The raised fund will be used for expand its investments in South East Asia along with India with focus on sectors like health care, consumer and technology.

iamWire take: The growth of online healthcare industry has attracted a significant amount of investment in this space. According to the industry reports, the healthcare sector in India was valued at $50 billion in 2011 and it is expected to get double by 2015. Also, Its been said that the online hospital market was estimated to touch $2 billion (Rs 10,860 crore) by 2015.

Till date, including this round, it has secured total funding of USD 2 billion. It has made investment in more than 75 companies including Just Dial, handset maker Micromax Infomatics Ltd, Vasan Eye Care Ltd and others. (As reported by Times of India)

It has launched its India III fund in August 2007. The firm has invested around USD 100,000 and USD 1 million in seed stage, between USD 1 million and USD 10 million in early stage, and between USD 10 million and USD 100 million in growth stage. (As mentioned in Crunchbase)

The firm is also having operations in U.S., China, India and Israel. “The two trends that we have been seeing is that mobile Internet is growing, and Indian start-ups are increasingly becoming global. We want to tap both these opportunities,” said Shailendra Singh, managing director Sequoia Capital. (As covered by LiveMint)